SSL-built ABS-2 satellite successfully performs post-launch maneuvers

PALO ALTO, CA, Feb. 7, 2014 /PRNewswire/ - Space Systems/Loral (SSL), a leading provider of commercial satellites, today announced that the ABS-2 satellite, designed and built for ABS, was launched yesterday and is successfully performing post-launch
maneuvers according to plan. The satellite deployed its solar arrays on
schedule following its launch aboard an Ariane 5 launch vehicle from the European Spaceport in Kourou, French Guiana.
The satellite will begin firing its main thruster later today in order
to start maneuvering into geosynchronous orbit.

"I would like to thank ABS and Arianespace for working closely with us
to make the launch of ABS-2 a success," said John Celli, president of SSL. "This is the culmination of many hours of hard work
and we are gratified to see the satellite performing according to
plan."

ABS-2 is a highly sophisticated multi-mission C, Ku- and Ka-band
satellite designed to provide multiple services including
direct-to-home and cable television distribution, VSAT services, data
networks, and telecommunications services across four continents. The
satellite, which will be positioned at 75 degrees East longitude, has a
total of 89 active C-band, Ku-band and Ka-band transponders across 10
different beams.

"ABS-2 is an extraordinary satellite and I'd like to thank SSL for its
efforts to work with us to maximize its performance," said Tom Choi,
CEO of ABS. "We look forward to many years of service on this satellite
based on the reliability of the SSL platform. When it enters into
service, ABS-2 will extend the reach of affordable and reliable
communications and broadcast services to a broad swath of underserved
regions."

The satellite is based on the highly reliable SSL 1300 platform, which provides the flexibility to support a broad range of
applications and technology advances. It is designed to provide service
for 15 years or more. With this launch, there are 75 SSL-built
satellites currently on orbit.

About ABS
ABS is a young, dynamic and fast growing global satellite operator, with
an entrepreneurial and creative business approach. ABS operates five
satellites (ABS-1, ABS-1A, ABS-2i, ABS-3 and ABS-7) from 3 premium
locations at 3°W, 75°E and 116°E. Its sixth satellite ABS-2 was
successfully launched yesterday. Located at 75˚East and fitted with 89
C, Ku, and Ka-band transponders, it will provide broadcasting,
telecommunications and data services for Africa, Asia Pacific, Europe,
the Middle East and Russia/CIS countries.

ABS has also ordered two Boeing 702SP satellites (ABS-3A & ABS-2A
planned for 2014 and 2015 respectively) with the options to add more
satellites over the next 2-3 years to its growing satellite fleet.

About SSL
SSL has a long history of delivering reliable satellites and spacecraft
systems for commercial and government customers around the world. As
the world's leading provider of commercial satellites, the company
works closely with satellite operators to provide spacecraft for a
broad range of services including television and radio distribution,
digital audio radio, broadband Internet, and mobile communications.
Billions of people around the world depend on SSL satellites every day.
For more information, visit www.sslmda.com.

Forward-Looking Statements
This news release contains forward-looking statements and information,
which reflect the current view of Space Systems/Loral (SSL) with
respect to future events and financial performance. When used in this
news release, the words "believes", "expects", "plans", "may", "will",
"would", "could", "should", "anticipates", "estimates", "project",
"intend" or "outlook" or other variations of these words or other
similar expressions are intended to identify forward-looking statements
and information. Actual results may differ materially from the
expectations expressed or implied in the forward-looking statements as
a result of known and unknown risks and uncertainties. Known risks and
uncertainties include but are not limited to: risks associated with
operating satellites and providing satellite services, including
satellite construction or launch delays, launch failures, in-orbit
failures or impaired satellite performance; risks associated with
satellite manufacturing, including competition, cyclicality of SSL's
end-user markets, contractual risks, creditworthiness of customers,
performance of suppliers and management of SSL's factory and personnel;
risk associated with financial factors such as volatility in exchange
rates, increases in interest rates, restrictions on access to capital,
and swings in global financial markets; risks associated with domestic
and foreign government regulation, including export controls and
economic sanctions; and other risks, including litigation. The
foregoing list of important factors is not exhaustive. The information
contained in this news release reflects SSL's beliefs, assumptions,
intentions, plans and expectations as of the date of this news release.
Except as required by law, SSL disclaims any obligation or undertaking
to update or revise the information herein.